Global law firm White & Case LLP has advised Gopher Investments, an investment vehicle backed by investors with experience in gaming and financials and an affiliate of TT Bond Partners, on its acquisition of Finalto from Playtech plc for US$250 million.
"This transaction perfectly combines our shareholder activism practice and public company expertise," said White & Case partner Tom Matthews, who led the Firm's deal team. "With around 90 lawyers involved from 11 offices, this deal also demonstrates the Firm's truly global M&A capabilities."
Playtech is the world's largest online gambling software supplier and is a FTSE 250 company listed on the London Stock Exchange. Finalto is Playtech's financial trading division, focusing on both B2B and B2C channels. Gopher Investments is a 4.97 percent shareholder in Playtech.
Completion of the transaction is expected in the first half of 2022, subject to shareholder approval and regulatory clearances.
The White & Case team was led by partner Tom Matthews (London) and included partners Jonah Anderson, Nicola Chapman, Amanda Cowell, Tim Hickman, Helen Joseph, Jonathan Rogers, Will Smith, Philip Trillmich and Mike Weir (all London), counsel Nathaniel Crowley (Hong Kong) and Sara Nordin (Brussels), and associates Sonica Tolani, Richard Wilson, Patrick Thompson, Harriet Baldwin, Will Cashman, Kate Curran, Margot Davies, Kristen DiLemmo, Thomas Hansen, Michael Hekimian, Kate Kelliher, Francesca MacSwiney, Janam Nagra, William Obree, Vishnu Rege, James Richards, Kate Russell, Neha Saran, Claire Slunecko, Lily Teh, Wiesia Wagstyl (all London), Christian Berger, Julianne Prisco (both New York), Denise Cheung (Hong Kong), Anna Dold (Frankfurt), Victor Lim (Singapore), Matthias Vangenechten (Brussels) and Olivia Yan (Sydney).
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